Park Board approves Riverfront Park Master Plan

— The Spokane Park Board has voted to support the Riverfront Park Master Plan 2014 and a Riverfront Park Bond for $64.3 million. $4.3 million would be authorized to pay debt service in the first five years of the Riverfront Park Bond.

With strategic refinancing, the Riverfront Park Bond proposes that no new taxes be raised. Citizens now pay 34 cents per $1000 for assessed property value toward two Park Bonds. The 2014 Bond Proposal maintains that 34 cents, extends it out seven years, and leverages an additional $60 million investment in the Park.

The Master Plan is the result of a two and half year process that has engaged more than a thousand citizens toward its development.

There has been no significant capital investment in Riverfront Park since Expo '74. With decaying infrastructure including bridges, power, mechanical, and irrigation systems, the Park is starting to show its age.

The Riverfront Park Bond now moves to City Council for their consideration and potential placement on the November ballot.

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